Dogecoin and Bitcoin Give Back Gains, but This Coin Bucked the Trend to Rally 227% in a Week

Quant emerged as the most profitable cryptocurrency over the past week, even as the large-cap names struggled.QNT Jumps 3XQNT exploded 227% in a week, climbing from a low of $66 to a high of $358. The spike has pushed the token to levels last seen more than five years ago. Its market capitalization has surged to $3.56 billion, up from $975 million just a week ago.QNT powers the Quant Network, an interoperable operating system connecting different blockchains with traditional banking networks.’s Clearing House news broke on Thursday. Most of its on-chain crowd showed up on Sunday.🆕 New addresses hit 7,516 on Sep 27, about 55x their Sep 1 to 15 weekday average. On the Sep 24 announcement day they were 351.📊 Active addresses reached 14,458 on Sep 27, about 19x… Last week, the banking association and payments company, Clearing House, selected Quant to settle its new tokenized-deposit transactions, providing a major impetus to the underlying token.On-chain analytics firm Santiment reported a sharp jump in on-chain activity, with QNT’s new addresses spiking to 7,516 on Sep. 27 and active addresses hitting 14,458. Read Also: QNT Bucks Broader Crypto DeclineBig-ticket names, meanwhile, struggled. Bitcoin , Ethereum and Dogecoin in the last seven days as Treasury yields hit multi-year highs.Cryptocurrency7-Day Gains +/-Price (Recorded at 12:30 a.m. EDT)Quant+227.70%$219.00Ethereum -2.30%$2,666.53Bitcoin -2.70%$83,142.42Dogecoin -9.30%$0.09305 Read Also: Photo: Sebastian Duda on Shutterstock.com